NEW PACIFIC METALS CORP (NEWP) Technical Analysis
NYSEARCA:NEWP • CA64782A1075
Current stock price
NEWP Technical Rating and Analysis
Overall NEWP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEWP is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that NEWP is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by NEWP over the past year are nicely spread over this period.
- NEWP is one of the better performing stocks in the Metals & Mining industry, it outperforms 90% of 157 stocks in the same industry.
- NEWP has an average volume of 1102750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEWP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NEWP is lagging the market slightly.
- In the last month NEWP has a been trading in the 3.30 - 5.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEWP Weekly and Daily overview Charts
NEWP Setup Rating and Analysis
Although NEWP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NEWP Support and Resistance Analysis
2.74
4 important support areas can be observed.
- A support zone ranging from 4.11 to 4.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.60 from a trend line in the daily time frame.
- Support @2.82 from a trend line in the daily time frame.
- Support @2.77 from a trend line in the weekly time frame.
NEWP Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NEWP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEWP is neutral. |
| ChartMill Relative Strength | 97.91 | POSITIVE | NEWP has a high relative strength, it outperformed 97.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEWP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.71 | NEUTRAL | The RSI value for NEWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NEWP has a negative trend. |
| Stochastics (14,3) | 21.16 | NEUTRAL | The Stochastics value for NEWP is a neutral value. |
| Average True Range in percent/ATR (20) | 9.94 | HIGH VOLATILITY | The high ATR as a percentage value for NEWP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.54 | NEGATIVE | The low ADX value for NEWP suggests a weak or negative trend. |
NEWP Chart- and CandleStick Pattern Analysis
NEWP Technicals: Chart, Performance Metrics, Trend & Indicators
4.12
-0.3 (-6.79%)
NEW PACIFIC METALS CORP / NEWP TA FAQ
Can you provide the ChartMill technical rating for NEW PACIFIC METALS CORP?
ChartMill assigns a technical rating of 10 / 10 to NEWP.
What is the trend direction for NEWP stock?
The current trend direction for NEW PACIFIC METALS CORP (NEWP) is Bullish.
What is the RSI signal for NEWP stock?
NEW PACIFIC METALS CORP (NEWP) has an RSI value of 43.7115. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEW PACIFIC METALS CORP?
The short term momentum for NEW PACIFIC METALS CORP (NEWP) is neutral.
What are the support and resistance levels for NEW PACIFIC METALS CORP (NEWP) stock?
NEW PACIFIC METALS CORP (NEWP) has a support level at 4.11. Check the full technical report for our detailed analysis of NEWP support and resistance levels.